Mufg Securities Canada LTD. Purchases 123,184 Shares of Franco-Nevada Co. (NYSE:FNV)

Mufg Securities Canada LTD. increased its position in shares of Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 72.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 293,943 shares of the basic materials company's stock after acquiring an additional 123,184 shares during the quarter. Franco-Nevada comprises about 1.2% of Mufg Securities Canada LTD.'s investment portfolio, making the stock its 20th largest position. Mufg Securities Canada LTD. owned approximately 0.15% of Franco-Nevada worth $34,519,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in FNV. Covea Finance raised its stake in shares of Franco-Nevada by 2.7% during the fourth quarter. Covea Finance now owns 101,320 shares of the basic materials company's stock worth $11,895,000 after buying an additional 2,700 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Franco-Nevada by 3.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 423,166 shares of the basic materials company's stock worth $49,702,000 after acquiring an additional 16,029 shares during the period. Steward Partners Investment Advisory LLC raised its position in shares of Franco-Nevada by 113.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,109 shares of the basic materials company's stock valued at $601,000 after acquiring an additional 2,710 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Franco-Nevada in the 3rd quarter valued at $717,000. Finally, Tri Ri Asset Management Corp bought a new position in shares of Franco-Nevada in the 3rd quarter worth $3,433,000. 77.06% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Scotiabank increased their target price on Franco-Nevada from $145.00 to $150.00 and gave the company a "sector perform" rating in a research note on Tuesday, March 11th. Royal Bank of Canada boosted their price objective on shares of Franco-Nevada from $145.00 to $155.00 and gave the company a "sector perform" rating in a report on Tuesday, February 11th. StockNews.com upgraded shares of Franco-Nevada from a "hold" rating to a "buy" rating in a report on Wednesday, March 19th. TD Securities lowered shares of Franco-Nevada from a "buy" rating to a "hold" rating and set a $152.00 price target for the company. in a report on Tuesday, March 11th. Finally, Raymond James raised their price objective on Franco-Nevada from $160.00 to $162.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 11th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $155.50.

Franco-Nevada Price Performance

Shares of FNV traded down $1.88 during midday trading on Friday, hitting $155.36. The stock had a trading volume of 737,278 shares, compared to its average volume of 658,606. The firm has a market cap of $29.92 billion, a price-to-earnings ratio of -49.16, a price-to-earnings-growth ratio of 9.78 and a beta of 0.73. The company has a 50 day simple moving average of $142.60 and a two-hundred day simple moving average of $130.54. Franco-Nevada Co. has a twelve month low of $112.70 and a twelve month high of $159.38.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last posted its quarterly earnings data on Monday, March 10th. The basic materials company reported $0.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.90 by $0.05. The business had revenue of $321.00 million during the quarter, compared to the consensus estimate of $304.33 million. Franco-Nevada had a positive return on equity of 10.55% and a negative net margin of 55.28%. Franco-Nevada's quarterly revenue was up 5.8% on a year-over-year basis. During the same period last year, the company earned $0.90 earnings per share. Analysts forecast that Franco-Nevada Co. will post 3.09 EPS for the current fiscal year.

Franco-Nevada Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend was Thursday, March 13th. This is a positive change from Franco-Nevada's previous quarterly dividend of $0.36. Franco-Nevada's payout ratio is currently 53.15%.

About Franco-Nevada

Franco-Nevada Corporation operates as a gold-focused royalty and streaming company in South America, Central America, Mexico, the United States, Canada, and internationally. It operates through Mining and Energy segments. The company manages its portfolio with a focus on precious metals, such as gold, silver, and platinum group metals; and engages in the sale of crude oil, natural gas, and natural gas liquids through a third-party marketing agent.